Public Service Enterprise Group Incorporated (NYSE:PEG) Stock Holdings Lowered by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC cut its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,795 shares of the utilities provider’s stock after selling 292 shares during the period. Woodmont Investment Counsel LLC’s holdings in Public Service Enterprise Group were worth $963,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Graypoint LLC lifted its holdings in shares of Public Service Enterprise Group by 7.8% in the third quarter. Graypoint LLC now owns 4,323 shares of the utilities provider’s stock valued at $386,000 after buying an additional 313 shares during the period. Concurrent Investment Advisors LLC grew its stake in shares of Public Service Enterprise Group by 7.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 15,075 shares of the utilities provider’s stock worth $1,345,000 after purchasing an additional 1,043 shares during the last quarter. Umpqua Bank raised its holdings in shares of Public Service Enterprise Group by 4.6% in the 3rd quarter. Umpqua Bank now owns 7,331 shares of the utilities provider’s stock worth $654,000 after purchasing an additional 323 shares in the last quarter. Invictus Private Wealth LLC bought a new stake in Public Service Enterprise Group during the third quarter worth approximately $201,000. Finally, Austin Private Wealth LLC bought a new position in shares of Public Service Enterprise Group in the third quarter valued at $203,000. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PEG has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their target price on Public Service Enterprise Group from $80.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. UBS Group boosted their price target on shares of Public Service Enterprise Group from $94.00 to $98.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Barclays reduced their target price on Public Service Enterprise Group from $98.00 to $88.00 and set an “overweight” rating for the company in a report on Tuesday. Scotiabank raised their price objective on Public Service Enterprise Group from $62.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Evercore ISI upped their target price on Public Service Enterprise Group from $92.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.69.

Public Service Enterprise Group Trading Up 0.0 %

Public Service Enterprise Group stock opened at $83.81 on Thursday. Public Service Enterprise Group Incorporated has a one year low of $56.85 and a one year high of $92.20. The company’s fifty day moving average price is $86.62 and its two-hundred day moving average price is $79.03. The company has a market capitalization of $41.75 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 2.69 and a beta of 0.61. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.65 and a quick ratio of 0.46.

Public Service Enterprise Group (NYSE:PEG) last posted its earnings results on Monday, November 4th. The utilities provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.03. Public Service Enterprise Group had a return on equity of 10.78% and a net margin of 19.48%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same period in the previous year, the company earned $0.85 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, analysts forecast that Public Service Enterprise Group Incorporated will post 3.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Public Service Enterprise Group news, EVP Tamara Louise Linde sold 19,127 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $80.26, for a total transaction of $1,535,133.02. Following the completion of the transaction, the executive vice president now owns 67,524 shares of the company’s stock, valued at $5,419,476.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Ralph A. Larossa sold 1,378 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $90.20, for a total transaction of $124,295.60. Following the transaction, the chief executive officer now owns 147,514 shares of the company’s stock, valued at approximately $13,305,762.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Tamara Louise Linde sold 19,127 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $80.26, for a total transaction of $1,535,133.02. Following the completion of the sale, the executive vice president now directly owns 67,524 shares of the company’s stock, valued at approximately $5,419,476.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 41,010 shares of company stock valued at $3,397,855. Company insiders own 0.18% of the company’s stock.

Public Service Enterprise Group Profile

Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs.